question archive A company uses only human capital for the production of a product
A company uses only human capital for the production of a product
Subject:MathPrice: Bought3
A company uses only human capital for the production of a product. The company's production function is given as:Q = H ^ 2 * e ^ -0.05 * H
Where Q denotes production and H denotes human capital. The average product of human capital is gives at AP_H = Q / H
Find the average product of human capital and find the amount of human capital used that maximizes.
